SOUTH COUNTY BUSINESS PARK - LEOPARDSTOWN, DUBLIN 18 FOR SALE - 0.83 ACRES (APPROX.) SUPERB OFFICE REDEVELOPMENT OPPORTUNITY - Knight Frank
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SOUTH COUNTY BUSINESS PARK
LEOPARDSTOWN, DUBLIN 18
FOR SALE - 0.83 ACRES (APPROX.) SUPERB OFFICE REDEVELOPMENT OPPORTUNITY
Property Summary
• Exceptional long term redevelopment site of approx. 0.83 acres
with the benefit of medium term income located in the sought
after Sandyford Business District.
• Opportunity to acquire one of the last remaining development
sites in South County Business Park.
• Feasibility Study prepared by Reddy Architecture & Urbanism
demonstrating a commercial office scheme extending to 55,681
-67,748 sq. ft. (S.P.P.).
• Zoned Objective OE - To provide for office and enterprise
development under the DLRCC Development Plan 2016 -2022.
• Excellent transport links with the Central Park Luas stop within
500m, numerous Dublin Bus routes that service the area,
approximately 1.5km from the N11 and located adjacent to the
M50.
• The Sandyford Business District hosts over 25,000 workers and
over 1000 leading multinational companies, including Microsoft,
Accenture, Sage, SSE Airtricity, Bank of America to name but a
few.
South County
Business Park
Leopardstown, Dublin 18
For Sale - 0.83 Acres (approx.)
Superb opportunity to acquire long-term income
generating office redevelopment site
Location
The subject property is superbly situated in the South County Business
Park, accessed from Leopardstown Road, which provides direct access
to the M50 and N11 eastbound and westbound respectively, connecting
to commuter areas such as Wicklow, Kildare and Meath.
The property benefits from excellent public transport links being
situated within 500m (less than 5 minute walk) of the Central Park stop
on the Luas green line where journey time to Dublin City Centre (St.
Stephen’s green) is approximately 25 minutes. Furthermore, a number
of Dublin Bus routes service the Sandyford Business District.
Sandyford has become established as the premier suburban business
location due to being situated in a relatively affluent area of South
Dublin while simultaneously being suitable for high density office
development and enjoying good transport links to the city centre. Outline for illustration purposes only
Sandyford has witnessed strong take-up in recent years, with 270,000
sq.ft. of activity last year. The strong levels of take up has seen the
vacancy rate decline to just 3.1% with grade-A vacancy rate at just 2.4%
and out of the three office locations, South County Business Park has
the lowest vacancy rate at 0.4%. The tight vacancy has seen rents
double from the mid-teens to now stand at over €30.00 psf.
Central Park Luas > 500 m
Dublin Bus > 400 m
Dublin City Centre > 10 km
Dún Laoghaire > 8km
M50 Motorway > 1 km
N11 > 1.5 km
Description
The site is currently totally under developed and comprises a two
storey L-shaped office premises and 24 surface car parking spaces.
The entirety is let to Soft-ex Communications Limited, with 7 years
remaining on the current lease at an annual rent of €162,500 per
annum and a rent review due in 2021.
Zoning
Under the Dún Laoghaire-Rathdown County Council Development
Plan (2016-2022), the subject property is zoned Objective OE - To
provide for office and enterprise development.
Additionally, under the Sandyford Urban Framework Plan the site is
zoned ‘Office based Employment Uses (Zone 3)’. The objective of
this zone is ‘to provide for office and enterprise development’.
Feasibility Study
Renowned architects Reddy Architecture & Urbanism have completed
a Feasibility Study identifying two attractive office schemes extending
to 55,681 - 67, 748 sq. ft. with 51 car parking spaces provided at
basement level and visitor parking at surface level (subject to planning
permission).
Scheme 1: 5 storey over basement office scheme extending to
55,681 sq.ft.
Scheme 2: 6 storey (set back on Level 5) over basement scheme
extending to 57,748 sq.ft.
Please note that a copy of the Feasibility Study is available for review
upon request.
Price
Available on Application
Scheme 1 Scheme 2
Subject to Planning Permission
Scheme 1 massing study overlay
Contact: BER Rating:
These particulars are issued by HT Meagher O’Reilly trading as Knight Frank on the understanding that all the negotia-tions
are conducted through them. These particulars do not constitute, nor constitute any part of an offer or contract. All state-
ments, descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other
details are for guidance only and are made without responsibility on the part of HT Meagher O’Reilly trading as Knight
James Meagher Frank or the vendor/landlord. None of the statements contained in these particulars, as to the property are to be relied
upon as statements or representations of fact and any intending purchaser/tenant should satisfy themselves (at their own
james.meagher@ie.knightfrank.com BER No: 800695694 expense) as to the correctness of the information given. Prices are quoted exclusive of VAT (unless otherwise stated) and
01 634 2466 all negotiations are conducted on the basis that the purchaser/tenant shall be liable for any VAT arising on the transaction.
The vendor/landlord do not make or give, and neither HT Meagher O’Reilly trading as Knight Frank or any of their employ-
20-21 Upper Pembroke
Robert Wilson ees has any authority to make or give any representation or warranty whatsoever in respect of this property. Knight Frank
is a registered business name of HT Meagher O’Reilly Limited. Company licence Reg. No. 385044. PSR Reg. No. 001266.
Street, Dublin 2 robert.wilson@ie.knightfrank.com
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